Vanda co-founder Eric Liu joins Liz Ann Sonders and Collin Martin on the latest episode of Charles Schwab's On Investing podcast to explain why investor positioning and capital flows matter more than ever in today's markets.
The conversation examines the forces shaping short-term market direction, from changes in investor behaviour to the signals contained in positioning and capital-flow data.
In the episode, Eric sits down with Liz Ann to discuss the genesis of Vanda, how the make-up of the market is changing, and what that means for anyone trying to read it. He shares how Vanda began, how the investors driving markets have shifted from hedge funds to quants to retail, and why older approaches to interpreting markets are losing their usefulness.
By following investor positioning and capital flows, Eric explains, you can see who is driving the market and pick up more insightful signals over shorter time horizons. It’s the same approach behind Vanda’s latest upgrade to equities, against a backdrop of higher bond yields and geopolitical uncertainty.
From there, the conversation widens to emerging markets, market concentration, and why large-cap technology stocks remain the dominant leadership group.
The full episode, Why Investor Positioning Matters More Than Ever (With Eric Liu), is available now on Spotify, Apple Podcasts and YouTube.
Link here: Eric Liu on why investor positioning matters
